Journal of Contemporary Research in Business, Economics and Finance

Evolution of banking systems: A comprehensive historical analysis

2025-01-14T06:59:02+00:00

This paper provides a comprehensive historical analysis of the evolution of banking systems, tracing their origins from ancient Greece and Rome through medieval Europe, the Renaissance, and the emergence of modern banking institutions. It explores the foundational practices of ancient Greek "trapezitai" and Roman "argentarii," which laid the groundwork for more advanced systems that flourished in the Italian city-states during the Middle Ages and Renaissance. The development of commercial and central banking systems in early modern Europe, including the establishment of the Bank of Amsterdam and the Bank of England, is examined in detail. The study further highlights the role of colonial powers in shaping banking structures across the globe and discusses significant innovations of the 19th and 20th centuries, such as fractional reserves and the rise of investment banking. Emphasis is placed on the transformational impact of globalization, deregulation, and technological advancements in the modern banking era. Additionally, the paper delves into contemporary challenges, including cybersecurity, data privacy, and the integration of artificial intelligence, offering insights into the future trajectory of banking institutions. By bridging historical developments with modern trends, this analysis underscores the enduring significance of banking as a dynamic and essential component of economic systems, providing valuable lessons for understanding its future evolution.

Does person-job fit also impact positive outcomes in collectivistic cultures?

2025-03-04T10:49:06+00:00

This study aims to strengthen the results of previous studies on the influence of person-job fit (PJF) on positive outcomes such as job satisfaction (job-sat), organizational commitment (org-comm), and task performance (task-perf). The study used 804 small and medium enterprise employees in Indonesia. Testing of the relationship model was carried out using Smart PLS 4. The questionnaire items used in this study were proven to be valid and reliable. The results show that PJF is indeed an important variable for increasing positive outcomes. The influence of PJF on task performance can be direct or mediated by organizational commitment. However, job satisfaction does not fully mediate the influence of PJF on task performance. A discussion of the results of testing the relationship model is presented at the end of this paper.

Communication dynamics in SAP ERP teams: An empirical exploratory study

2025-04-12T09:23:03+00:00

This paper investigates the critical role of communication in SAP ERP teams, exploring the communication dynamics, the balance between technical and communication skills, the dynamics within cross-functional teams, and how often technical issues are mistakenly blamed for project setbacks due to communication failures. Drawing on empirical data collected from SAP professionals, this study examines how communication failures impact project outcomes and identifies key areas for improvement in SAP project management and team collaboration. We used descriptive statistics, frequency counts, and distributions, as well as marginal probability from contingency tables to investigate the association between variables. We measured the relationships by applying chi-squared tests with the Yates adjustments (p<0.05) and applied Cramer’s V as an effect size. We performed hypothesis tests to check for the association between the perception of communication dynamics and variables such as professional role, professional level, working time experience, SAP business line, having international contact at work, and gender. Findings: In our sample, the communication dynamics are, in general, uniform among the SAP teams and are not associated with the professional role, professional level, years of experience, the SAP business line, or having international contacts at work. It seems to be associated with gender, with males having a more critical perception of communication issues affecting project performance. The communication dynamics within cross-functional teams are predominantly positive, although there is room for improvement, as 23% consider it ineffective or challenging. The perception is that there are almost always technical issues mistakenly blamed on communication failures, with 82% of the respondents.